Georgia First Government to secure land titles on Blockchain

The Republic of Georgia will use the bitcoin network to validate property-related government transactions. The project will be carried out by Bitfury to register land titles via a private Blockchain and then to make those transactions verifiable using bitcoin Blockchain which is public.

Bitfury and Georgian National Agency of Public registry have signed a new Memorandum of Understanding to expand the service to purchases and sales of land titles, registration of new land titles, and demolition of property, mortgages and rentals as well as notary services.

Tea Tsulukiani, Georgia’s Minister of Justice, said in a statement, “We will be able to work with Blockchain technology from this summer [to] place real estate extracts in a totally safe and innovative system.”

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region.

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